Sell on a level breakthrough of 1.0973 with 1.0915 target. Stop loss = 1.1030.
Reason for the trading strategy
The July data on the ZEW institute's business optimism index in Germany were worse than expected, but did not have a significant pressure on the euro, as they included the uncertainty regarding Greece. If today, the Greek parliament approves the creditors' proposal made on July 12-13, demand for the euro will increase However, there are risks of a short-term decline of the euro to the 1.0915 level.